Mumbai: DSP Mutual Fund has announced the opening of the DSP Gold Exchange Traded Fund (ETF) Fund of Fund (the scheme), an open-ended fund-of-funds program that invests in DSP Gold ETFs. Comparing the physical version to the scheme, investors can invest in gold with ease and freedom of trading, just like in a typical mutual…
Sensex: Indian stock markets began the day flat, but as the session went on, they became erratic and finished the day lower. On Thursday, the day of the weekly F&O expiry, benchmark indices finished lower due to front-end selling. Furthermore, doubts regarding declining refinery profits in China and Europe, a lackluster physical cargo trade, and…
Nazara Technologies: The stock of Nazara Technologies has returned 42.68 percent in the previous half-year. Throughout that same period, the benchmark Nifty50 index has returned 6.45%. Nazara Technologies’ stock increased by more than 1% in early trading on November 9 following the company’s remarkable 53.3 percent increase in Q2 net profit to Rs 24.2 crores….
Godrej Industries’ Q2 results: For the quarter ending in September 2023, Godrej Industries reported a sharp decline in net profit of ₹87.3 crore, or 44.1% YoY. The business reported a ₹156.2 crore net profit for the same quarter the previous year. Godrej Industries’ Q2 results: In Q2FY24, the company’s consolidated revenue from operations decreased 2.1%…
Sensex and Nifty: Around 9:45 a.m., the S&P BSE Sensex was up 2.12 points to 64,944.52, while the NSE Nifty 50 gained 17.30 points to 19,424. Despite positive global cues, benchmark stock market indices opened flat on Wednesday. Some heavyweight banking stocks fell, contributing to the flat start. Around 9:45 a.m., the S&P BSE Sensex…
Arvind Fashions: On Tuesday, November 7, shares of Arvind Fashions increased by about 8% after the leading lifestyle company revealed its July–September quarter results for fiscal 2023–24 (Q2FY24). The company reported a 32% increase in net profit at ₹37 crore, compared to ₹28 crore in the same period the previous year. In the second quarter…
Trading strategies: On the daily timeframe, L&T has been forming a rounding top formation. It formed a base at the 50-day moving average and recovered from the demand zone at around Rs 2,850. Domestic equity indices ended a two-day winning streak on Tuesday, owing to profit-taking in certain pockets. The BSE Sensex fell 237.72 points,…
Nykaa Q2 Results: In Q1FY24, the Mumbai-based firm reported a net profit of Rs 5.4 crore and revenues of Rs 1,422 crore. FSN E-Commerce Ventures, which operates the beauty and personal care (BPC) company Nykaa, increased its net profit by 50% to Rs 7.8 crore in Q2FY24 from Rs 5.2 crore in Q2FY23, driven primarily…
Local Ladurée: Within the next three years, CK Lifestyle LLP, a subsidiary of the CK Israni Group, which was also responsible for introducing the upscale French pastry chain Ladurée to India, plans to add roughly 20 new locations to the range. The managing director of the CK Israni Group and co-founder Chandni Nath Israni told…
The AUDUSD pair is now aiming for the 0.65 handle after breaking through the trendline. The Fed kept interest rates unchanged, as expected, and made no changes to its statement. Fed Chair Powell reiterated that they are proceeding with caution because the full effects of policy tightening have yet to be felt. The US Core…
